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Abu Dhabi to host World Conservation Congress 2025

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The UAE has won the bid to host the World Conservation Congress of the International Union for Conservation of Nature (IUCN) in 2025 in Abu Dhabi. The Environment Agency – Abu Dhabi (EAD) submitted the bid on behalf of Abu Dhabi and the UAE government.

The results were announced on May 25, following approval of the IUCN’s bid evaluation committee recommendations to the IUCN Governing Council at its meeting held in Gland, Switzerland from May 23rd-25th 2023. The IUCN Council is chaired by the president and consists of elected members from across all the regions as well as a Chair of Commissions and is the body responsible for the oversight and general control of all IUCN affairs.

The successful bid to host the IUCN World Conservation Congress in 2025 further reaffirms the UAE and its leadership’s commitment to environmental conservation, climate change action and sustainability. Abu Dhabi continues to be at the forefront of nature conservation by building strong relations with key international environmental organisations such as the IUCN. The agency’s Managing Director, Razan Khalifa Al Mubarak, is the current President of the IUCN, while the EAD’s Secretary-General, Dr. Shaikha Salem Al Dhaheri, is a Global Councillor.

Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of EAD, said, “Winning the bid to host the IUCN Congress in 2025 is significant and a reflection of the vision of our President His Highness Sheikh Mohamed bin Zayed Al Nahyan. It will be an opportunity to showcase UAE’s conservation leadership in protecting and restoring endangered species, both in the country and globally.

Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, affirmed that the selection of Abu Dhabi as the host city for the 2025 International Union for Conservation of Nature World Conference is another honour added to the UAE’s record full of accomplishments, particularly in the field of environmental, natural, and climate preservation, during the Year of Sustainability.

Almheiri said, “Since its inception, the UAE has prioritised environmental conservation and has made tremendous local and international efforts to enhance biodiversity and protect endangered species. Hosting this conference is a crowning achievement for the UAE and underscores our leading global status in taking on larger responsibilities in these areas. Our role as host of this year’s Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) reiterates the UAE’s influential position as a leading global partner in steering efforts to tackle some of the most pressing challenges of our times – climate change, environmental preservation, and the prevention of natural resource wastage.

Established in 1948, IUCN has evolved into the world’s largest and most diverse environmental network. Today the organisation is well known for its knowledge products, such as the Red List of Species, Red List of Ecosystems, Key Biodiversity Areas and the Green Lists which are widely used in setting conservation priorities for threatened species, ecosystems and in identification of important areas for protection.

– WAM

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Small businesses in the UAE now have tax relief until 2029

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Small businesses in the UAE with annual revenues of up to Dh3 million will continue to be eligible for Small Business Relief under the corporate tax regime until the end of 2029.

The Ministry of Finance said on Friday that Ministerial Decision No. 131 extends the period during which eligible businesses can benefit from Small Business Relief to cover tax periods ending on or before December 31, 2029.

The relief was introduced to help reduce the corporate tax compliance burden for smaller businesses and start-ups that meet the eligibility requirements.

Dh3 million threshold remains unchanged

The existing annual revenue threshold of Dh3 million, set under Ministerial Decision No. 73 of 2023, will continue to apply.

The relief applies to tax periods beginning on or after June 1, 2023 and, following the latest amendment, will remain available for subsequent tax periods ending on or before December 31, 2029.

Eligible taxable persons with annual revenue of up to Dh3 million can claim Small Business Relief, subject to meeting the conditions and requirements outlined in the corporate tax legislation.

The relief enables qualifying businesses to benefit from simplified corporate tax compliance requirements.

More time for small businesses

The extension provides eligible small businesses and start-ups with additional tax periods to benefit from the relief while continuing to meet the Dh3 million revenue threshold.

The Ministry said the decision is part of its efforts to support smaller companies and entrepreneurs, strengthen the business environment, and encourage sustainable growth and expansion.

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UAE public holiday announced: 3-day weekend coming up on August 28

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Planning your next long weekend? The UAE has confirmed Friday, August 28, as a public holiday for employees in both the public and private sectors.

The holiday commemorates Prophet Muhammad’s (PBUH) birthday, an occasion included among the UAE’s official public holidays. As the date follows the Islamic calendar, the timing changes from year to year.

A three-day break for many residents

With the holiday falling on a Friday, employees who follow a Monday-to-Friday working week can enjoy three days off:

  • Friday, August 28: Public holiday
  • Saturday, August 29: Weekend
  • Sunday, August 30: Weekend

That means residents can make the most of the break with a short trip, a staycation or a relaxed weekend at home.

Another UAE holiday is coming

The next major public holiday on the UAE calendar will be Eid Al Etihad, with celebrations and the official holiday scheduled for December 2 and 3.

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What the UAE’s new vape excise price means for consumers and retailers

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The UAE Ministry of Finance has introduced a new rule that sets a minimum excise price for liquids used in electronic smoking devices.

Beginning September 1, vaping liquids will be subject to a minimum excise price of AED 1 per millilitre.

The ministry confirmed that the existing minimum excise prices for cigarettes, water pipe tobacco (shisha), and other tobacco products will remain unchanged.

According to the ministry, the decision aims to improve tax compliance, respond to developments in the tobacco and vaping industry, and create a more consistent pricing framework across tobacco and electronic smoking products.

The UAE will also continue applying its 100% excise tax on all tobacco products covered under the country’s excise tax regulations.

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